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 Chinese investors acquired 65% stake in Turkish port terminal for $940 million

coscochina.jpgA consortium of Chinese investors led by Cosco Holdings has acquired stake in Kumport Terminal, Turkey's third largest container terminal, for $940 million.

Located at a gateway to the Black Sea between Europe and Asia, the terminal has maintained a compound annual growth rate of around 30 percent in container volume over the past 5 years. The acquisition was made by a consortium of Chinese investors of Cosco Pacific, China Merchants Holdings and an affiliate with the China Investment Corporation.

To see a list of investors from China similar to Cosco Holdings, check the Chinese Investors Directory.

More details follows from China Daily

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